All Forum Posts by: Yael Lederman

There shouldn't be a difference between renting to college students or anyone else. Do a simple rental comps analysis and make sure to have a standard lease per unit, not per student. You don't want to have to get involved in roommate disputes and possible room vacancies that might arise. 

I've heard of folks having success with container homes. The tricky part for me is that its difficult to find comps and therefore be able to run an accurate analysis to understand whether it makes sense. 

Most FL STRs are seasonal. Doesn't mean it'll sit vacant if its priced right but winter months will be much more lucrative. The key is not getting too worked up about higher vacancy / lower ADR in the low season and doing your best to make up for it in high season

Local PMs will always be your best bet! I would attend a vacation rental conference where you'll have local PMs from all over the country that way you can meet folks in person in a slightly more scalable way. A quick google will help you find dozens happening all year long.

I would switch up the order slightly and lead with the piece about you being their neighbor. You want to establish credibility and trust to keep them reading!

Find local meetups and network with other investors. You'll easily find recommendations for agents and lenders. Good luck!

Of course, you'll need to leverage Airbnb, VRBO and booking.com. I would also spin up your own site so you can do direct booking as you grow and establish more direct relationships. This will save you a ton of money in fees. 

Because Broward is really STR-friendly there's a ton of supply, especially since the 2021 boom. I would focus on finding property that can stand out / is differentiated from others in the area, perhaps larger single family.

Make sure to collect feedback from tenants who tour the property but decide not to move forward. Those tips will be really valuable info to use to make improvements, adjust marketing, etc. Don't be shy to ask for feedback if they don't immediately share.